Here's What $10,000 Invested in JPMorgan Chase When Jamie Dimon Became CEO Is Worth Now

Jamie Dimon became the CEO of JPMorgan Chase (NYSE: JPM) on Jan. 1, 2006, and has now served as the company's top executive for more than two decades. While there was some talk earlier this year about the banking giant's succession plans, Dimon confirmed that he plans to remain CEO for at least several more years.

While the consumer banking, investment banking, and asset management industries have gone through some challenging periods over the last 20 years, the company has seen impressive success under Dimon's leadership and delivered returns that have substantially outstripped those of the S&P 500 (SNPINDEX: ^GSPC).

JPMorgan Chase CEO Jamie Dimon. Image source: JPMorgan Chase & Co.

Dimon's leadership has helped power strong returns

Since Jamie Dimon became JPMorgan's CEO, the company's stock has risen by roughly 730%. If you invested $10,000 in the company's stock on the day that he became the company's leader, your holdings would now be worth roughly $83,020. For comparison, the State Street SPDR S&P 500 ETF (NYSEMKT: SPY) has risen roughly 524% over the same stretch -- and $10,000 invested in the exchange-traded fund (ETF) and held across the duration of Dimon's tenure would now be worth approximately $62,420.

JPMorgan's market-beating power becomes even more pronounced when dividends are factored into the equation. The bank has paid a dividend for 29 years running, issuing a direct cash payout to shareholders every year of Dimon's tenure, and currently has a 15-year streak of annual payout growth.

With dividends factored in, JPMorgan has delivered a total return of roughly 1,320% since Dimon became the company's CEO -- enough to turn a $10,000 investment held across the stretch into approximately $141,540. Meanwhile, the total return for the State Street SPDR S&P 500 ETF over the same period was roughly 811% and would have turned a $10,000 investment into $91,400.

Why JPMorgan's succession plan is a big deal for shareholders

Dimon's statement that he plans to remain CEO of the company for at least a few more years is good news for shareholders. The executive successfully guided the company through the 2008 financial crisis, issues stemming from the failure of regional banks, and periods of high market volatility. He's generally viewed as a deft leader with a steadying hand and a sober, adeptly analytical view of the banking industry, the stock market, and the global economy at large.

In addition to building an impressive track record at JPMorgan, he issues market commentary that is highly valued by the broader investment community. To a large extent, he's become synonymous with the company -- and that makes finding his successor particularly important. Dimon has delivered strong returns, and investors don't need to worry about his imminent departure, but the eventual leadership transition will be a big moment for the company.

JPMorgan Chase is an advertising partner of Motley Fool Money. Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends JPMorgan Chase. The Motley Fool has a disclosure policy.